CELLULOSE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CELLULOSE
Largest movements
- Receivables within one year -€31,033
down €31,033 (-67.0%), from €46,319 to €15,286
of which Other amounts receivable: -€46,033
- Debts after one year -€32,001
down €32,001 (-22.1%), from €145,130 to €113,129
- Other debts -€15,124
down €15,124 (-3.6%), from €425,914 to €410,790
- Accrued charges and deferred income +€9,644
up €9,644 (+2489.7%), from €387 to €10,031
- Financial income -€46,160
down €46,160 (-100.0%), from €46,160 to €0
- Gross operating margin +€20,247
up €20,247, from -€3,188 to €17,059
- Financial charges +€9,576
up €9,576 (+307.8%), from €3,111 to €12,687
- Taxes +€317
new in 2025: €317
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €746,783 | €717,384 | -€29,399 | -3.9% |
| Fixed assets | 21/28 | €700,000 | €700,000 | = | 0.0% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €46,783 | €17,384 | -€29,399 | -62.8% |
| Amounts receivable within one year | 40/41 | €46,319 | €15,286 | -€31,033 | -67.0% |
| Trade receivables | 40 | €0 | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €46,319 | €286 | -€46,033 | -99.4% |
| Cash at bank and in hand | 54/58 | €464 | €1,695 | +€1,231 | +265.5% |
| Deferred charges and accrued income | 490/1 | - | €403 | +€403 | |
| Total equity and liabilities | 10/49 | €746,783 | €717,384 | -€29,399 | -3.9% |
| Equity | 10/15 | €141,682 | €145,212 | +€3,530 | +2.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,682 | €45,212 | +€3,530 | +8.5% |
| Amounts payable | 17/49 | €605,101 | €572,172 | -€32,929 | -5.4% |
| Amounts payable after more than one year | 17 | €145,130 | €113,129 | -€32,001 | -22.1% |
| Financial debts | 170/4 | €145,130 | €113,129 | -€32,001 | -22.1% |
| Amounts payable within one year | 42/48 | €459,584 | €449,012 | -€10,572 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €31,512 | €32,001 | +€489 | +1.6% |
| Trade debts | 44 | €2,158 | €5,303 | +€3,145 | +145.8% |
| Suppliers | 440/4 | €2,158 | €5,303 | +€3,145 | +145.8% |
| Taxes, remuneration and social security | 45 | - | €917 | +€917 | |
| Taxes | 450/3 | - | €917 | +€917 | |
| Other amounts payable | 47/48 | €425,914 | €410,790 | -€15,124 | -3.6% |
| Accrued charges and deferred income | 492/3 | €387 | €10,031 | +€9,644 | +2489.7% |
| Other operating charges | 640/8 | €652 | €525 | -€127 | -19.5% |
| Gross operating margin | 9900 | -€3,188 | €17,059 | +€20,247 | |
| Operating profit (loss) | 9901 | -€3,840 | €16,534 | +€20,374 | |
| Financial income | 75/76B | €46,160 | €0 | -€46,160 | -100.0% |
| Recurring financial income | 75 | €46,160 | €0 | -€46,160 | -100.0% |
| Financial charges | 65/66B | €3,111 | €12,687 | +€9,576 | +307.8% |
| Recurring financial charges | 65 | €3,111 | €12,687 | +€9,576 | +307.8% |
| Profit (loss) for the period before taxes | 9903 | €39,208 | €3,847 | -€35,361 | -90.2% |
| Income taxes | 67/77 | - | €317 | +€317 | |
| Profit (loss) for the period | 9904 | €39,208 | €3,530 | -€35,678 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,208 | €3,530 | -€35,678 | -91.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.